How Crypto Taxes Work
Resources and how-how to guides for how crypto taxes work as well as information on more specific tax situations
How Cryptocurrency Taxes Work: Getting Started Guide
Crypto taxes explained: Learn how taxes on cryptocurrency are calculated and how to pay taxes on crypto. Learn step by step how to calculate crypto taxesRead more
What Are Crypto Tax Rates?
Find out what tax rate you may have for your crypto taxes. Crypto and bitcoin tax rates depend on your income as well as how long you held the cryptocurrency.Read more
What Crypto Transactions Are Taxable?
What crypto transactions are taxable? Are crypto to crypto trades taxable? Learn what cryptocurrency transactions are taxable events.Read more
FIFO, LIFO, and Minimization Accounting Explained
Accounting methods like FIFO and LIFO for crypto capital gains taxes: How to use them, and how the TokenTax Minimization algorithm can lower your tax liabilityRead more
How to Report Crypto Losses on Taxes
How crypto losses taxes work: Deduct crypto losses from your income — or offset other capital gains. You can even carry forward capital losses to later years.Read more
Is Transferring Crypto Between Wallets or Exchanges Taxable?
Transferring crypto between wallets and/or exchanges is not in itself taxable. It's important, however, that you accurately account for all your crypto tradesRead more
How Taxes Work for Crypto Margin Trading
How to handle your crypto taxes if you have traded on margin exchanges. TokenTax supports margin exchanges like Bitmex, Deribit, Kraken, and moreRead more
What It Means If You Got A 1099-K From Coinbase or Gemini
If you received a Form 1099-K from an exchange like Coinbase, there's no need to panic. Learn what the 1099-K is and what it means for your crypto taxes.Read more
Short Term and Long Term Capital Gains for Crypto Tax
When you file crypto taxes, you report either short term capital gains or long term capital gains; we explain the different tax implications for bothRead more
Crypto IRS Letters 6173, 6174, and 6174-A, and CP2000 Notices
Did you receive a Letter 6173, 6174, or 6174-A or a CP2000 notice from the IRS for your crypto taxes? Learn what these letters mean and what action to takeRead more
Unrealized vs. Realized Crypto Gains
There are different tax implications for unrealized and realized crypto gains and losses, and realizing losses may be able to help you save money on taxes.Read more
Deducting a Casualty or Theft Loss on Your Crypto Taxes
If you’ve lost crypto due to a wallet hack, a crypto scam, or an unexpected exchange shutdown, here's what your tax situation may look likeRead more
What is Average Cost for Bitcoin and Crypto Tax? When is it Used?
Average cost basis accounting is used for crypto tax in countries like Canada and the United Kingdom. Learn what average cost is and how it works for crypto taxRead more
Can Like Kind Exchange Be Used for Crypto?
Crypto tax software by TokenTax: How like kind exchange works, and when you may — or may not — be able to use it for cryptocurrency tax calculation.Read more
How Are Stablecoins Taxed?
Stablecoins, like USDT, USDC, PAX, and DAI, are typically pegged to a fiat currency like the US Dollar. Here's how cryptocurrency tax works for these assets.Read more